Frequency Electronics market cap is $90.9 m, and annual revenue was $49.51 m in FY 2019

Frequency Electronics Gross profit (Q1, 2020)4 M

Frequency Electronics Gross profit margin (Q1, 2020), %31.5%

Frequency Electronics Net income (Q1, 2020)-591 K

Frequency Electronics EBIT (Q1, 2020)-780 K

Frequency Electronics Cash, 31-Jul-20192.2 M

Frequency Electronics EV100.7 M

Frequency Electronics revenue was $49.51 m in FY, 2019 which is a 25.6% year over year increase from the previous period.

Frequency Electronics revenue breakdown by business segment: 24.3% from FEI-Zyfer and 75.7% from FEI-NY

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 50.4m | 39.4m | 49.5m |

| (9%) | (22%) | 26% |

## Cost of goods sold | 39.1m | 34.2m | 33.7m |

## Gross profit | 11.2m | 5.2m | 15.8m |

| 22% | 13% | 32% |

## R&D expense | 6.9m | 7.0m | 6.5m |

## General and administrative expense | 11.9m | 10.6m | 12.1m |

## Operating expense total | 18.8m | 17.6m | 18.6m |

## EBIT | (7.5m) | (12.4m) | (2.8m) |

| (15%) | (31%) | (6%) |

## Interest expense | 150.0k | 79.0k | 83.0k |

## Investment income | 549.0k | 1.3m | 293.0k |

## Pre tax profit | (7.0m) | (11.3m) | (2.5m) |

## Income tax expense | (2.1m) | 11.2m | 56.0k |

## Net Income | (4.8m) | (23.8m) | (2.5m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 12.7m | 12.9m | 12.8m | 12.0m | 9.3m | 10.6m | 11.0m | 12.1m | 13.2m | 12.6m |

## Cost of goods sold | 8.6m | 8.8m | 9.1m | 7.5m | 7.1m | 13.4m | 6.7m | 8.1m | 9.1m | 8.6m |

## Gross profit | 4.1m | 4.1m | 3.7m | 4.5m | 2.2m | (2.9m) | 4.3m | 4.0m | 4.1m | 4.0m |

| 32% | 32% | 29% | 38% | 24% | (27%) | 39% | 33% | 31% | 31% |

## R&D expense | 1.4m | 2.2m | 1.4m | 1.6m | 1.7m | 1.7m | 1.6m | 1.6m | 1.8m | 2.3m |

## General and administrative expense | 3.3m | 3.3m | 3.3m | 2.7m | 2.3m | 2.7m | 2.5m | 2.6m | 2.7m | 2.5m |

## Operating expense total | 4.2m | 5.5m | 4.7m | 4.3m | 4.1m | 4.5m | 4.2m | 4.2m | 4.5m | 4.7m |

## EBIT | (408.0k) | (1.3m) | (946.0k) | 180.0k | (1.9m) | (7.3m) | 85.0k | (230.0k) | (394.0k) | (780.0k) |

| (3%) | (10%) | (7%) | 1% | (20%) | (69%) | 1% | (2%) | (3%) | (6%) |

## Interest expense | 42.0k | 26.0k | 61.0k | 21.0k | 21.0k | 19.0k | 18.0k | 17.0k | 23.0k | 24.0k |

## Investment income | 92.0k | 187.0k | 108.0k | 1.2m | 13.0k | 68.0k | 45.0k | 144.0k | 52.0k | 177.0k |

## Pre tax profit | (746.0k) | (1.2m) | (850.0k) | 1.3m | (1.9m) | (7.3m) | 38.0k | 92.0k | (261.0k) | (571.0k) |

## Income tax expense | (40.0k) | (164.0k) | (1.2m) | 485.0k | (584.0k) | 2.8m | 7.0k | (30.0k) | 60.0k | 20.0k |

## Net Income | (706.0k) | (1.0m) | 338.0k | 614.0k | (1.5m) | (10.1m) | 31.0k | 122.0k | (321.0k) | (591.0k) |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 2.2m | 7.9m | 3.7m |

## Accounts Receivable | 11.0m | 4.3m | 6.4m |

## Prepaid Expenses | 1.1m | 1.1m | 2.6m |

## Inventories | 29.1m | 26.2m | 23.4m |

## Current Assets | 69.9m | 52.1m | 52.7m |

## PP&E | 14.8m | 14.1m | 13.0m |

## Goodwill | 617.0k | 617.0k | 617.0k |

## Total Assets | 113.3m | 83.6m | 86.8m |

## Accounts Payable | 2.4m | 1.8m | 1.2m |

## Current Liabilities | 8.1m | 5.3m | 5.8m |

## Total Liabilities | 24.0m | 20.3m | 23.7m |

## Common Stock | 9.2m | 9.2m | 9.2m |

## Additional Paid-in Capital | 55.8m | 56.4m | 56.8m |

## Retained Earnings | 23.7m | (65.0k) | (2.1m) |

## Total Equity | 89.3m | 63.3m | 63.1m |

## Financial Leverage | 1.3 x | 1.3 x | 1.4 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | (4.8m) | (23.8m) | (2.5m) |

## Depreciation and Amortization | 2.6m | 2.5m | 2.8m |

## Accounts Receivable | (3.6m) | 5.9m | (3.0m) |

## Inventories | 2.2m | (2.1m) | (199.0k) |

## Accounts Payable | (746.0k) | 379.0k | (195.0k) |

## Cash From Operating Activities | 3.9m | 4.5m | (97.0k) |

## Purchases of PP&E | (5.2m) | (1.4m) | (2.8m) |

## Cash From Investing Activities | (1.5m) | 341.0k | (4.7m) |

## Short-term Borrowings | (6.0m) | ||

## Cash From Financing Activities | (6.7m) | ||

## Net Change in Cash | (3.3m) | 5.1m | (4.2m) |

## Interest Paid | 146.0k | 79.0k | 83.0k |

## Income Taxes Paid | 335.0k | 325.0k |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (706.0k) | (1.7m) | (1.4m) | 614.0k | (867.0k) | (11.3m) | 31.0k | 153.0k | (168.0k) | (591.0k) |

## Cash From Operating Activities | (571.0k) | (2.5m) | 2.6m | 3.2m | 2.8m | 4.0m | (3.6m) | (1.1m) | (1.3m) | 153.0k |

## Purchases of PP&E | (1.1m) | (2.4m) | (3.8m) | (450.0k) | (883.0k) | (1.0m) | (483.0k) | (1.3m) | (2.2m) | (912.0k) |

## Cash From Investing Activities | (1.1m) | (1.4m) | 53.0k | 5.8m | 5.6m | 440.0k | (1.5m) | (2.6m) | (4.4m) | (1.6m) |

## Short-term Borrowings | (6.3m) | |||||||||

## Cash From Financing Activities | 1.0k | 305.0k | (6.0m) | 1.0k | 1.0k | 1.0k | ||||

## Net Change in Cash | (2.1m) | (2.0m) | (3.0m) | 9.3m | 9.1m | 5.2m | (5.2m) | (4.0m) | (5.5m) | (1.4m) |

## Interest Paid | 38.0k | 76.0k | 115.0k | 17.0k | 41.0k | 61.0k | 18.0k | 34.0k | 57.0k | 24.0k |

## Income Taxes Paid | 70.0k | 335.0k | 335.0k | 325.0k | 325.0k | 2.0k |

USD | Y, 2019 |
---|---|

## EV/EBIT | -129.1 x |

## EV/CFO | 658.2 x |

## Debt/Equity | 0.2 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 1.5 x |

Frequency Electronics's Backlog was reported to be $35m in Q1, 2020.